Professional Arena: MEDICAL

June --
I am Self employed 1099, no employees, who's trying to figure out if investing in an individual 401 K will reduce my large self employment taxes.
Christine
Nurse Consultant, Auditor
MURDOCK, FL
Christine --
The only way to reduce self-employment tax is with deductions against your self-employed [...]

Hello June,
I heard about your business from The National Psychologist. I am a psychologist in private practice.
Here's my question:
How do I calculate maximum deductions for Continuing Education expenses? Someone told me that for each hour spent in a CE pursuit it is allowable to deduct my hourly fee. This [...]

An article that I wrote recently for http://nationalpsychologist.com/ brought me many requests from psychologists for my expense list. Some also sent questions. The most frequently-asked question was this one, as expressed here by Dr. David from Santa Clara, CA.
How do I know if I'm paying too much year after year? Thank you.
[...]

June --
Psychotherapist since 2000. I welcome your comment
After COBRA, where do I find the best health insurance for the Indie???
Kathryn
Rolling Hills Estates, CA
Dear Kathryn,
Taxes are easy. Insurance is difficult! Start by asking for a recommendation from the insurance agent who handles your [...]

Hi again June,
You were nice enough to answer my question on your blog a year or 2 ago, so I'm back with another that I hope you can help with.
I have a small consulting psychologist practice in Virginia; I help the State determine whether or not disability claimants are medically eligible [...]

June --
Psychotherapist, licensed & self-employed for 3 1/2 years from Sacramento, CA.
I use a cell phone as my one and only business phone for my therapy practice.
I pay a flat monthly rate for my cell phone service. If I sometimes make or receive personal calls on this cell phone, [...]

Hi,
I've been reading your book Self-employed TAX Solutions (June's previous book) and I get your email. Thank you for what you do.
I'm wondering if the growth of online banking movement has changed your thoughts about having a checking account that returns your cancelled checks to you. I pay some of my [...]

June --
I Have been a self-employed audiologist for 3 months. Where can I find current info about paying my self-employed self a salary vs salary+dividends and the tax implications for each option?
Specifically, how do I set that up now as I begin the business?
Thanks,
Brandi
South Lebanon, OH
[...]

I sent Christine my complimentary list of business expenses. She received it and here are her questions on business expenses. As most of you know I have a full-time accounting practice which serves wacky, wonderful indies. And so, because it's tax season, I am going to do the quick-answer mode for Christine. I EMBEDDED my [...]

June --
I am an RN case manager.
In 2008, I received one check that went on a 1099, however, I became an employee of the same company on Jan 1.
Am I right in assuming that I can't deduct any expenses for that check since it was earned in Dec, 2007?
[...]

Hi June,
I am a clinical and consulting psychologist who has been a sole proprietor for over 20 years.
I've started working on my taxes and have a question.
Earlier this year I spent $1,062 to purchase the latest version of a psychological test that I use regularly in my practice. I [...]

June --
I am from Jefferson City, MO. I am a self-employed medical transcriptionist from my home and have been for about 10 years and still have lots of questions about taxes,etc. Where can I find a schedule of your seminars?
Teresa
Dear Teresa,
Thanks for your interest in [...]

June,
I am employed full-time but have been a part-time indie for the last 20 years (consulting psychologist).
My question is about my SEP IRA. One of the problems, as I see it, with a SEP IRA is that the more you deduct from your gross self-employment income, the LESS you can contribute [...]

June--
I have had a Clinical Psychology private practice for about 12 years. In the past I have had some French speaking patients who were bilingual ie we conversed in English. I speak some French and I would like to speak it better and ideally I would like to offer my services to French-speaking [...]

June --
I have been a sole proprietor home care physical therapist for 10 years.
Can sole proprietors be paid via direct deposit in NY? We were always told no, but now one of my clients ( a hospital) wants us to sign up for direct deposit. I'm leery. Any advice?
Frank [...]

June --
I am a therapist. I notice that many doctors and dentists bill patients for an amount greater than the amount requested from the patient, then show the difference on the statement of account as a "write-off." Is this a write-off for their federal tax return?
I frequently "slide" my [...]

June --
In November I began training to be a sign language interpreter and speech therapist. The company has numerous franchises across the country and hires all of its trainees as independent contractors. They train us. They find us clients. We train on their facilities using their materials, following their schedules. They monitor and [...]

Hello June,
I have been a self-employed chiropractor for 28 years. I am taking a brief trip with my wife and daughters to Las Vegas. I have considered moving there to practice chiropractic. Would my expenses and my families' expenses be deductible if I could document investigation of health care environment, locations, visit other [...]

I read Self-employed Tax Solutions from cover to cover in about 3 days (I finished it today), and found it engaging and well written. That’s high praise for a book on taxes. I’ve read other tax books ……Paul Plamondon

I recently bought your book, and wanted to tell you what you already know – it’s terrific. So many great common-sense features. In addition to my “indie” business, I’ve also been a tax preparer for an…James M. Beidler

I purchased a couple of books re: self employment taxes. I like yours (Self-employed Tax Solutions) because it’s written in plain language. The JK Lasser book (Small Business Taxes) appears to be writ…Linda Gordon

I just purchased your book Self Employed Tax Solutions, and let me start by saying this is the first time I have written an email to an author. I’m only in the third chapter and am so happy about the …Dean Iodice